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Venue: The International Monetary Fund
Headquarters 1 Building, Meeting Halls A and B 700 - 19th Street, N.W.Washington, D.C. 20431
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8:30 – 9:00
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Check-in and Light Breakfast
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9:00 – 9:30
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Opening Remarks
Speaker: José Viñals, Director and Financial Counselor, Monetary and Capital
Markets Department, International Monetary Fund
Opening Remarks, José Viñals
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9:30 – 11:00
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Session 4: Different strokes for different folks - experience and expectations from macroprudential policy responses
Consensus is evolving on what the macroprudential policy framework should entail. Meanwhile, some national and regional authorities have set up arrangements to provide a coherent macroprudential response. This session will share experiences on how these arrangements are functioning and the challenges and opportunities that they present
Session Chair: Jan W. Brockmeijer, Deputy Director, Monetary and Capital
Markets Department, International Monetary Fund
Speakers: Anand Sinha, Deputy Governor, Reserve Bank of India
Mauro Grande, European Central Bank, Director General,
Directorate for General Financial Stability
Caio Fonseca Ferreira, Senior Advisor to the Executive Board,
Central Bank of Brazil
Presentations:
Macroprudential Policies‐ Indian Experience, Anand Sinha
Macro-prudential supervision in the European Union, Mauro Grande
Brazilian Experience with Macroprudential Policy, Caio Fonseca Ferreira
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11:00– 11:15
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Coffee Break
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11:15– 12:45
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Session 5: Preparing for the 1,000 year floods—new instruments and new roles
The crisis has reemphasized or redefined several roles, including
that of bank management and their creditors, in how they should contribute to the preparations for distress, and the instruments that can aid in this. This session will discuss the plans for, and experience in, instruments such as contingent capital, bail-ins and living wills.
Session Chair: Robert Sheehy, Deputy Director, Monetary and Capital
Markets Department, International Monetary Fund
Speakers:Thomas J. Jordan, Vice Chairman of the Governing Board, Swiss
National Bank
Paul Wright, Senior Director, Institute of International Finance
Mark van der Weide, Senior Associate Director, Board of
Governors of the Federal Reserve System
Presentations:
Preparing for the 1000 year floods – the Swiss approach to the TBTF problem,Thomas J. Jordan
Preparing For The 1000 Year Floods, Paul Wright
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12:45 - 2:15
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Luncheon (by invitation only)
Hosted by the International Monetary Fund Headquarters 1 Building, Gallery, Second Floor 700 - 19th Street, N.W.
Washington, D.C. 20431
Keynote Address
John Lipsky, Acting Managing Director, International Monetary Fund
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2:15 – 3:45
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Session 6: Resolving the big bangs—cooperation and coordination before and after things go wrong
The crisis has proven the need for coordination and cooperation among supervisory authorities, especially for effective resolution of large cross-border financial groups. This session will discuss the various dimensions of interaction among relevant authorities during early intervention and resolution of financial institutions.
Session Chair: Barend Jansen, Assistant General Counsel, Legal
Department, International Monetary Fund
Speakers: Eva Hüpkes, Advisor, Financial Stability Board
Louis Kasekende, Deputy Governor, Bank of Uganda
Jack P. Jennings, Senior Associate Director, Board of Governors
of the Federal Reserve System
Antonio Pancorbo de Rato, Senior Advisor, Directorate General of
Regulation, Bank of Spain
Presentations:
Resolving SIFIs – cooperation and coordination before and after things go wrong, Remarks by Eva Hüpkes
Resolving the big bangs – cooperation and coordination before and after things go wrong, Dr Louis Kasekende
Recovery and Resolution Planning Progress& Resolution Work I,Jack Jennings
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3:45 – 4:00
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Coffee Break
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4:00 – 5:00
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Session 7: Breakout Groups
Participants will choose from among these topics to discuss the challenges in their countries and to share experiences.
A. Where should macroprudential responsibilities be located?
This group will discuss the emerging national arrangements for determining and implementing macroprudential policy responses and the role of financial stability committees.
Moderator: Michael Moore, Deputy Division Chief, Monetary and Capital
Market Department, International Monetary Fund
B.How to better define the roles and responsibilities of supervisors and resolution authorities?
This group will discuss current and proposed arrangements for bank recovery and resolution as well as the need for coordination between supervisory and resolution authorities.
Moderator: Jack P. Jennings, Senior Associate Director, Board of Governors of
the Federal Reserve System
C. Pillars II and III under Basel III—Are they still important?
This group will discuss how these pillars adapt to remain meaningful and to provide a friction free interface with Basel III.
Moderator: Damodaran Krishnamurti, Senior Financial Sector Specialist,
Financial Systems Department, The World Bank
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5:00 – 6:00
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Session 8: Reports from Breakout Groups and General Discussion
Session Chairs: Jonathan Fiechter, Deputy Director, Monetary and Capital
Markets Department, International Monetary Fund
David Scott, Program Manager, Financial and Private Sector
Development, The World Bank
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6:30 – 8:00
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Dinner (by invitation only)
Hosted by Ms. Sri Mulyani Indrawati, Managing Director, The World Bank Group, former Indonesian Finance Minister
The World Bank, 12th Floor Gallery
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Friday, June 3, 2011
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Venue: World Bank
Main Complex Building, Executive Board Room Room MC13-121
1818 H Street, N.W. (corner of 18th and H Streets) Washington, D.C.
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9:00 – 9:30
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Keynote Address:
Martin J. Gruenberg, Vice Chairman, Federal Deposit Insurance Corporation, Chairman of the Executive Council and President of the International Association of Deposit Insurers (IADI)
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9:30 – 11:15
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Session 9: Continuing Reforms in the Aftermath of the Crisis
While significant progress has been made in a number of areas, the international community recognizes that some outstanding issues need to be tackled in order to provide a strong base for sustainable development.
Session Chair: Consolate Rusagara, Director, Financial Systems Department,
The World Bank
Speakers: Access to Financial Services - The Role of Regulators: Carlos
Herrera Serrano, Executive Vice-President for Regulatory Policy,
Mexican Banking and Securities Commission
Improving Consumer Protection: Susan Rutledge, Coordinator,
Consumer Protection and Financial Literacy Program, World Bank
Technology, Regulation, and Access to Finance: Michael Klein,
Professor, Frankfurt School of Finance and Management and Senior
Visiting Professor, Johns Hopkins University
Access to Finance – Country Experience: Hala Helmy El-Said,
Executive Director, Egyptian Banking Institute
Presentations:
Improving Consumer Protection, Sue Rutledge
Access to Finance -The Egyptian Experience, Hala El Said
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11:15 - 11:30
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Coffee Break
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11:30 – 1:00
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Session 10: Sovereign Risks—Dealing with the New Reality?
Risk-free exposure to sovereigns has formed the basis for many regulatory prescriptions. Now, some sovereign balance sheets under strain have themselves become sources of risk for banks and other market participants. How should this conundrum be approached by national supervisors?
Session Chair: Christopher Towe, Deputy Director, Monetary and Capital
Markets Department, International Monetary Fund
Speakers: Manuel Marfán, Deputy Governor, Central Bank of Chile
Gamal Negm, Sub-Governor Banking Supervision, Central Bank of
Egypt
Jayan Dhru, Managing Director, Global Financial Institutions Group,
Standard and Poor’s
Risk Free Exposures to Sovereigns, Mr. Gamal Negm
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